CIE.NEO vs. ZEQT.TO
CIE.NEO (iShares International Fundamental Common Class) and ZEQT.TO (BMO All-Equity ETF) are both Global Equities funds. CIE.NEO is passively managed, while ZEQT.TO is actively managed. Over the past 3 years, CIE.NEO returned 24.89%/yr vs 22.68%/yr for ZEQT.TO. A 0.64 correlation means they provide meaningful diversification when combined. CIE.NEO charges 0.73%/yr vs 0.18%/yr for ZEQT.TO.
Performance
CIE.NEO vs. ZEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CIE.NEO achieves a 18.32% return, which is significantly higher than ZEQT.TO's 13.63% return.
CIE.NEO
- 1D
- 0.42%
- 1M
- 6.88%
- YTD
- 18.32%
- 6M
- 20.08%
- 1Y
- 40.12%
- 3Y*
- 24.89%
- 5Y*
- 15.60%
- 10Y*
- 11.97%
ZEQT.TO
- 1D
- 0.52%
- 1M
- 6.10%
- YTD
- 13.63%
- 6M
- 13.00%
- 1Y
- 32.71%
- 3Y*
- 22.68%
- 5Y*
- —
- 10Y*
- —
CIE.NEO vs. ZEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 18.32% | 34.92% | 12.83% | 15.59% | -2.79% |
ZEQT.TO BMO All-Equity ETF | 13.63% | 19.67% | 25.44% | 16.79% | -5.55% |
Correlation
The correlation between CIE.NEO and ZEQT.TO is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022 | 0.64 |
The correlation between CIE.NEO and ZEQT.TO has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.
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Return for Risk
CIE.NEO vs. ZEQT.TO — Risk / Return Rank
CIE.NEO
ZEQT.TO
CIE.NEO vs. ZEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Fundamental Common Class (CIE.NEO) and BMO All-Equity ETF (ZEQT.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CIE.NEO | ZEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.47 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 3.77 | -0.13 |
| Martin ratioReturn relative to average drawdown | 15.02 | 15.90 | -0.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CIE.NEO | ZEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.89 | 2.58 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.20 | -0.76 |
Drawdowns
CIE.NEO vs. ZEQT.TO - Drawdown Comparison
The maximum CIE.NEO drawdown since its inception was -40.08%, which is greater than ZEQT.TO's maximum drawdown of -16.87%. Use the drawdown chart below to compare losses from any high point for CIE.NEO and ZEQT.TO.
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Drawdown Indicators
| CIE.NEO | ZEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.08% | -16.87% | -23.21% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -8.72% | -2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -15.44% | -15.34% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -20.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.08% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.64% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -3.01% | -4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.06% | +0.62% |
Volatility
CIE.NEO vs. ZEQT.TO - Volatility Comparison
The current volatility for iShares International Fundamental Common Class (CIE.NEO) is 4.82%, while BMO All-Equity ETF (ZEQT.TO) has a volatility of 5.21%. This indicates that CIE.NEO experiences smaller price fluctuations and is considered to be less risky than ZEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIE.NEO | ZEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 5.21% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 10.42% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 12.75% | +1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 13.85% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 13.85% | +4.33% |
CIE.NEO vs. ZEQT.TO - Expense Ratio Comparison
CIE.NEO has a 0.73% expense ratio, which is higher than ZEQT.TO's 0.18% expense ratio.
Dividends
CIE.NEO vs. ZEQT.TO - Dividend Comparison
CIE.NEO's dividend yield for the trailing twelve months is around 2.11%, more than ZEQT.TO's 1.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 2.11% | 2.53% | 2.82% | 3.08% | 3.32% | 2.89% | 2.15% | 3.63% | 3.12% | 2.67% | 2.80% | 2.44% |
ZEQT.TO BMO All-Equity ETF | 1.28% | 1.45% | 1.69% | 2.13% | 2.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CIE.NEO and ZEQT.TO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZEQT.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZEQT.TO is cheaper with a 0.18% expense ratio, compared with 0.73% for CIE.NEO.
They also come from different issuers: iShares and BMO. Their fees differ too: 0.73% for CIE.NEO and 0.18% for ZEQT.TO.
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